Peoples Bancorp Inc. $PEBO Shares Sold by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. reduced its ownership in Peoples Bancorp by 6.0%, holding approximately 538,471 shares worth $15.97 million, according to its latest SEC filing.
• Peoples Bancorp recently announced a quarterly dividend of $0.41 per share, resulting in an annualized dividend of $1.64 and a yield of 5.4%.
• Despite missing earnings estimates for the last quarter with reported EPS of $0.60, the company's revenue was slightly above expectations at $115.02 million.

Alliancebernstein L.P. lowered its holdings in Peoples Bancorp Inc. (NASDAQ:PEBO - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 538,471 shares of the bank's stock after selling 34,315 shares during the quarter. Alliancebernstein L.P. owned approximately 1.51% of Peoples Bancorp worth $15,971,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PEBO. GAMMA Investing LLC raised its holdings in shares of Peoples Bancorp by 1,426.3% in the 1st quarter. GAMMA Investing LLC now owns 2,610 shares of the bank's stock valued at $77,000 after purchasing an additional 2,439 shares in the last quarter. CWM LLC raised its holdings in shares of Peoples Bancorp by 86.7% in the 1st quarter. CWM LLC now owns 4,976 shares of the bank's stock valued at $148,000 after purchasing an additional 2,311 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of Peoples Bancorp in the 4th quarter valued at about $215,000. Moody National Bank Trust Division bought a new stake in shares of Peoples Bancorp in the 1st quarter valued at about $229,000. Finally, Ieq Capital LLC bought a new stake in shares of Peoples Bancorp in the 1st quarter valued at about $242,000. Institutional investors own 60.68% of the company's stock.

Peoples Bancorp Stock Performance

NASDAQ PEBO traded up $0.37 on Wednesday, hitting $30.14. 170,747 shares of the company's stock traded hands, compared to its average volume of 111,650. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.20. Peoples Bancorp Inc. has a 1-year low of $26.21 and a 1-year high of $37.07. The firm's 50-day moving average price is $30.13 and its two-hundred day moving average price is $29.74. The firm has a market capitalization of $1.08 billion, a PE ratio of 10.32 and a beta of 0.67.

Peoples Bancorp (NASDAQ:PEBO - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The bank reported $0.60 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.18). Peoples Bancorp had a net margin of 16.88% and a return on equity of 9.46%. The business had revenue of $115.02 million for the quarter, compared to analyst estimates of $113.20 million. As a group, analysts expect that Peoples Bancorp Inc. will post 3.28 EPS for the current year.

Peoples Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 4th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 5.4%. The ex-dividend date was Monday, August 4th. Peoples Bancorp's payout ratio is presently 56.16%.

Insider Activity at Peoples Bancorp

In other Peoples Bancorp news, Director Dwight Eric Smith acquired 1,060 shares of the firm's stock in a transaction on Thursday, July 24th. The stock was acquired at an average cost of $30.27 per share, for a total transaction of $32,086.20. Following the purchase, the director owned 6,999 shares in the company, valued at approximately $211,859.73. The trade was a 17.85% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carol A. Schneeberger sold 1,000 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $30.83, for a total transaction of $30,830.00. Following the completion of the transaction, the director owned 24,330 shares of the company's stock, valued at approximately $750,093.90. This represents a 3.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.41% of the company's stock.

Wall Street Analysts Forecast Growth

PEBO has been the subject of several recent research reports. Wall Street Zen upgraded shares of Peoples Bancorp from a "sell" rating to a "hold" rating in a report on Saturday. Keefe, Bruyette & Woods lifted their price objective on shares of Peoples Bancorp from $32.00 to $33.00 and gave the stock a "market perform" rating in a research report on Friday, July 11th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Peoples Bancorp presently has a consensus rating of "Moderate Buy" and an average price target of $35.25.

Peoples Bancorp Company Profile

Peoples Bancorp Inc operates as the holding company for Peoples Bank that provides commercial and consumer banking products and services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, certificates of deposit, and governmental deposits; and provides commercial and industrial, commercial real estate, construction, finance, residential real estate, and consumer indirect and direct loans, as well as home equity lines of credit and overdrafts.